The leaked papers of a sanctioned Russian oligarch have revealed how easy it is to hide properties and other assets in shell companies.
Suleiman Kerimov conducted £525m of secret transfers using offshore shell companies, according to the financial records obtained by the International Consortium of Investigative Journalists and the BBC.
The documents, known as the Pandora Papers, show that a Swiss accountant and businessman, named Alexander Studhalter, posed as the owner of properties in London and France that are in fact owned by Kerimov. Studhalter denied this and said his signature was forged.
